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Netflix to Acquire Developer of Stranger Things: Puzzle Tales

The streaming giant is diving deeper into mobile gaming.

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Mary is an associate editor covering technology, culture and everything in between. She recently graduated from the University of North Carolina at Chapel Hill, where she served as an editor at The Daily Tar Heel and reported for newspapers across the state. You can usually find her decked out in UNC merch and streaming lo-fi hip-hop while she writes.
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Next Games is the developer behind Stranger Things: Puzzle Games.

 Next Games

Netflix will acquire Next Games, the Finnish mobile game developer behind The Walking Dead: No Man's Land and more recently Stranger Things: Puzzle Tales, the companies said Wednesday. The deal is valued at 65 million euros (around $72 million).

Next Games CEO Teemu Huuhtanen cited a "close collaboration" between the two companies on Puzzle Tales, which draws from wildly popular Netflix show Stranger Things.

The acquisition is Netflix's latest push into mobile games. In November, the streaming giant launched its first games on Android and iOS, including Stranger Things 3: The Game and Stranger Things: 1984.

"We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities," Netflix Vice President of Games Michael Verdu said in a statement. "While we're just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world."

The companies expect to close the acquisition in the second quarter.